The annual vendors list recognizes Chef as a top offering for digital leaders reinventing operations and transforming business models BURLINGTON, Mass., March 11, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it has been named to the Constellation ShortList™ for DevOps in Q1 2025.
Examine the evolution of Progress Software's (PRGS) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Progress announced the launch of Progress Data Cloud, a managed Data Platform as a Service simplifying enterprise data and AI operations in the cloud.
Progress Software Corporation has significant debt, but its valuation at 11x forward free cash flow makes it an attractive buy for patient investors. The company's main growth driver is disciplined M&A, with a focus on acquiring businesses with exceptional products and strong customer bases. Despite debt concerns, Progress is expected to deliver 30% y/y revenue growth in fiscal 2025, driven by its ShareFile acquisition and potential future acquisitions.
Progress Software Corporation (NASDAQ:PRGS ) Q4 2024 Earnings Conference Call January 21, 2025 5:00 PM ET Company Participants Michael Micciche - SVP, IR Yogesh Gupta - President and CEO Anthony Folger - CFO Conference Call Participants Fatima Boolani - Citi John DiFucci - Guggenheim Securities Ittai Kidron - Oppenheimer Bo Yin - Jefferies Pinjalim Bora - JPMorgan Operator Good day, and welcome to the Progress Software Corporation Q4 2024 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.
The headline numbers for Progress Software (PRGS) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Annualized Recurring Revenue grew 46% year-over-year2024 Cash Flow from Operations $212 million vs. $174 million last year, 22% growthShareFile Integration Underway BURLINGTON, Mass.
Company closes 2024 with multiple award recognitions for corporate social responsibility, workplace culture, inclusion and belonging, and more BURLINGTON, Mass., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced it has received multiple awards from prestigious organizations for its inclusive workplace, culture and focus on corporate social responsibility (CSR).
PRGS shares rise on the full-year revenue growth forecast and a robust portfolio despite concerns about flat ARR performance.
ShareFile becomes the only AI-powered, document workflow and secure file sharing solution in AICPA's Member Discount Program BURLINGTON, Mass., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced its partnership with the American Institute of CPAs (AICPA), the world's largest member association representing the CPA profession.